16 Glendale STREET, Clearwater, FL, 33767 | $1,690,000

Fantastic income-producing opportunity. One of less than 20 homes beachside in Clearwater Beach permitted for short-term rentals. Unit produced ~$160, 000 in 2023 and does not reflect owners use of the property. This charming bungalow pool home is a true gem, offering a perfect blend of historical charm and modern comfort. The home is just steps away from the beautiful beach of Clearwater, allowing you to fully immerse yourself in the coastal lifestyle. The main house features 3 spacious bedrooms and 2 updated bathrooms, while the detached guest house offers an additional 1 bedroom and 1 bath. This property is perfect for those looking for an income-producing property, as it is already set up for short-term rentals. The kitchen is the heart of this home and has been lovingly updated with all the modern conveniences, including brand-new stainless-steel appliances. The updated bathrooms are both functional and stylish, making the home perfect for both everyday living and entertaining. The outdoor space is airy, shaded, and a wonderful gathering place around a new electric heater for the pool/spa. For those cozy nights in, there is a fireplace (not warranted) that provides a warm and inviting atmosphere. The home is furnished and move-in ready, making it easy for you to start enjoying your beach life right away. The roof was replaced in 2018, ensuring that you have a solid roof over your head for years to come. In addition to the main house and guest house, there is a separate laundry/storage building, providing plenty of space for all your belongings. This is a rare opportunity to own a piece of Clearwater history and start making memories that will last a lifetime.

Features

  • Rooms: 3
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Laundry Room, Outside
  • Style: Cottage
  • Year Built: 1938
  • Garage: Driveway, Off Street, On Street, Tandem
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,315
  • Acreage: 0.1
  • Est. Taxes: $19,323
  • Pool: In Ground
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
  • MLS#: U8225505
  • Days on Market: 106 days
  • Website: https://www.raveis.com
    /eprop/U8225505/16glendalestreet_clearwater_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/13/2024 9:32:11 PM)
Listing courtesy of Viewpoint Realty Int'l Inc   Phone: 727-584-7355

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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16 Glendale STREET, Clearwater, FL, 33767

$1,690,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,352,000 $1,352,000 $1,352,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.877% 6.977% 7.041%
Monthly Tax Payment $1,610 $1,610 $1,610
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,223 $8,882 $12,058
Total Monthly Payment $10,958 $10,617 $13,793

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.